SpaceX could potentially see its shares soar to 600 dollars, according to a provocative new outlook from Morgan Stanley analyst Adam Jonas. Such a surge would push the company’s valuation to a staggering 8 trillion dollars, effectively positioning it as the most valuable corporation on the planet. While Jonas previously set a more conservative price target of 300 dollars when initiating coverage in July, his recent reaffirmation suggests a massive upside if certain futuristic conditions are met.
Reaching this astronomical figure requires a series of highly ambitious milestones to fall perfectly into place. Central to this theory is the successful deployment of orbital AI data centers at scale and low cost. For this to work, SpaceX’s Starship rocket must become frequent and efficient enough to slash the expense of putting computing power into space by half. Beyond hardware, Jonas envisions Starlink evolving past simple residential internet service toward a global network supporting hundreds of millions, or even billions, of AI powered robots by 2040.
However, not everyone on Wall Street is buying into this cosmic vision. While many analysts remain bullish with an average price target around 227 dollars, some firms are far more grounded. Morningstar has maintained a skeptical stance from the start, suggesting that without the speculative AI narrative, the core launch and satellite businesses might only be worth about 40 dollars per share. They view the likelihood of a moonshot success as slim compared to the optimistic projections coming out of Morgan Stanley.
Critics argue that the path from the current price of roughly 133 dollars up to 600 relies almost entirely on technology that does not yet exist. There are significant concerns regarding SpaceXAI’s current financial health and its tendency to burn through cash while offering flexible lease terms for customers. Ultimately, while Elon Musk’s venture continues to push boundaries in aerospace engineering, investors may find themselves weighing an incredible technological leap against an extremely risky financial gamble.